Ukraine posted zero economic growth over 2012 and 2013 because serious macroeconomic and structural weaknesses remain unaddressed. A combination of de-facto fixed exchange rate policy, loose fiscal policy together with considerable quasi-fiscal subsidies in the energy sector has led to further widening of the budget and the external imbalances and threatens sustainability.
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October 2, 2014 — Ukraine is facing unprecedented challenges and risks, but the best way to deal with them is to continue macroeconomic adjustment and structural reforms for the benefit of all Ukrainians.Read More »
September 19, 2014 — "Ukrainian authorities need to accelerate reforms so that all Ukrainians – not just a select few – see tangible benefits." -- Laura Tuck, World Bank Vice President for Europe and Central AsiaRead More »
The project aims at improving the energy efficiency of 10 district heating utilities around the country – saving energy, reducing CO2 emissions, and improving heat supply for over 3 million beneficiaries.Read More »